True to its appellation, this platform trades in cryptocurrencies at rather odd hours, at the stroke of midnight. Trades go live at 23:59:59, from anywhere across the globe. The sale time is in accordance with the project’s vision, which is to create a universally coordinated and independent community that can trade freely from any location worldwide, at a stipulated time.
This peculiar approach is the first of its kind, and seeks to redefine traditional peer-to-peer trading. The core basis of the tactic is block chain technology, which governs the means by which the community conducts its trade.
How Midnight Greenwich Trading Works
The first step involves the putting together of a business community, called the Midnight Greenwich Trading Pool. The main idea behind the formation of the groups is to create a safe an synchronized space for exchange of trading items. Also, the communities seek to negate the possibility of any conjecture.
One the groups are in place, anyone inter tied is free to join. However, if an investor wants to trade it is obligatory for them to purchase Midnight Greenwich Trading tokens, which are colloquially identified as 12. The tokens are on sale on the firm’s official website.
Below is a simplistic perspective on how trading on Midnight Greenwich works;
First and foremost, every interested party has to register on the official website. This should not last long, as the process is relatively simple. Upon successful completion of registration, the user is issued with a smart contract signature. Once this is done, all is set.
From here, you can buy the tokens (12), which are the primary means of trading on the site. The tokens are available from the ICO and other exchanges in the future. Once bought, they can either be used for instant trading, or the buyer can hoard them, wait for their value top soar, and sell them later at a profit.
If a scenario occurs where a third-party (say a different user) is selling 12 to other members of the community, and you token value is appalling at the time, Midnight Greenwich trading has you covered. The platform offers better compensation for you tokens as compared to other projects in the crypto market.
A total of 12 million tokens will be up for sale during the Midnight Greenwich Trading ICO. The tokens (12) will be dealt in Ethereum. Investors who participate in the presale will be eligible for discounts and bonuses, while those who wait for the event proper will miss out. Additionally, those who vocally promote the firm will be prioritized during the crowdsale, in addition to getting other rewards.
Distribution Of Midnight Greenwich Trading Funds
Midnight Greenwich Trading promises to be straightforward in the budgeting and usage of the funds raised from the crowdsale. As a show of good faith, the company outlaid its proposed distribution, which is to be adherent to the criteria stipulated below;
- Half of the proceedings will fund the firm’s development.
- 30% will finance marketing and brand promotion.
- 15% is allocated towards daily operations.
- 5% will fund legal services